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Nabisco Slashes Net Estimate,
Citing Ailing Russian Market

NEW YORK -- RJR Nabisco Holdings Corp. slashed its third-quarter earnings projections as conditions worsen in its troubled Russian market.

In a statement issued after the close of markets, the cigarette and food marketer expects earnings of between 46 cents and 48 cents a diluted share, sharply lower than the 60 cents projected by analysts. Excluding costs related to settling litigation, RJR posted earnings of 75 cents a diluted share...